Is Morristown, AZ 85342 a buyer’s or seller’s market?

The Morristown housing market right now

In the three months ending August 31, 2026, 20% of homes in Morristown, AZ 85342 sold above their list price, the typical home went under contract in 75 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (69 days then) and the median sale price rose 17% to $344,851. Overall, Morristown is less competitive than a year ago, which gives buyers more room.

Within Yavapai County, homes here sell faster than in 58% of the county’s ZIP codes, and sell more often over asking than in 88%.

Nearby, buyers who want less competition could look at Crown King 86343 (0% sold over asking) or Seligman 86337 (0% sold over asking), while Black Canyon City 85324 (25% sold over asking) and Rimrock 86335 (25% sold over asking) are even more competitive.